Agrico Acquisition closed \its IPO of 14.375 millionunits, including 1.875 million units sold pursuant to the full exercise of the underwriters’ over-allotment option, at $10 each.
Units trade on the Nasdaq under RICOU. Once the securities comprising the units begin separate trading, shares and the warrants are expected to trade under RICO and RICOW.
Agrico will concentrate on AgTech businesses in the Americas.
The SPAC is led by CEO and Chairman Brent de Jong, the managing partner of De Jong Capital, a family investment company and has served since November 2019 as chairman of Emergent Technology and its predecessors.
Maxim was sole book-running manager for the offering. Read more.
